Infineum, Shell and ExxonMobil joint venture, explores an $8B sale
FROM THE WIRE · SEEKINGALPHA.COM
[Shell Gas Station and Trailer Truck During Sunset. Royal Dutch Shell Oil and Gas Industry Production, Refining, Transport, Marketing, Petrochemical and Trading.] 12963734/iStock Editorial via Getty Images A U.K.-based chemicals group owned by Shell (SHEL…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large potential divestment supports the majors' refocus on their core oil and gas operations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Infineum is a 50-50 joint venture between Shell and ExxonMobil.
- 02The sale process was launched recently with Bank of America as advisor.
- 03The group hopes to attract interest from private equity buyers.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Shell plc104.92 USD+0.29%today -0.42%Neutral Exxon Mobil Corporation176.19 USD+0.31%today -1.07%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets